Eagle Nice's (2368.HK) 34% decline vs 52-week high of HK$2.82 (Nov. 23) likely have priced in lackluster 2H results. Full-year dividend payout of 17 HK cents yields 9.2% and looks sustainable, hence providing downside protection. Risk is if there will be another warm winter which impossible to forecast. No catalysts for now so probably best just keeping current positions unless there is steep post-results fall. Shares down 4% at HK$1.85 Friday.